What is the direction of highest probability today? (05/10/09)

by Johan Kriek (jkriek@fxinstructor.com)

Hope you had a nice weekend. Here’s your probabilities for today:

Direction of Highest Probability: BULLISH
60 minute trend support: NONE YET
Bearish Probability below: 1.4620
Significant support: 1.4620, 1.4480
Significant resistance:1.4677

Direction of Highest Probability: BULLISH
60 minute trend support: 1.5817
Bearish Probability below: 1.5817
Significant support: 1.5817
Significant resistance:1.6150

Direction of Highest Probability: BULLISH
60 minute trend support: 0.8730
Bearish Probability below: 0.8730
Significant support: 0.8730, 0.8611
Significant resistance:0.8900

Direction of Highest Probability: BEARISH
60 minute trend resistance: 89.85
Bullish Probability above: 89.85
Significant resistance: 89.85, 89.95, 90.50
Significant support:88.67, 80.20

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This analysis has been based on the Probability Study Technique which is derived from the Dow Theory

Also note that a “trading condition” does not constitute a trading signal, but rather a context to execute your own trading system within.

For more about the Probability Study Technique, please visit forums.fxinstructor.com or register yourself a seat at
http://www.fxinstructor.com/eng/courses/probability-reserve.php to learn this technique

Enjoy and good luck!